A tale of 44 cities | Warsaw S e l f e v a u l a t i o n o f tH h eu hb u bi in nd i sc High Rankixa t ko e yr s a r e a Warsaws Best workspace and accelerators Hub features Top FinTech companies Hub profile Technologies PayU, Blue Media, Polish Payment Standard (Blik), Currency One, Cinkciarz.pl, A Finanteq, Ailleron, VoicePIN, ZenCard, Atsora, mBank and IdeaBank. bu Dha Data analytics bG Big investors Kio APIs uv ae lar MCI Ventures, SpeedUp Group, mAccelerator, PZU Witelo, Hard Gamma Ventures, Ln Digital identity um me Innova Capital, Luma Ventures and PFR / Polish Development Fund. Gn l po b a l F Alior Bank Innovation Lab Machine learning it un rCs e n t r eu BusinessLink 4p Wa5p Platform architectures rso Campus Warsaw awr Success stories t D-RAFT FinTech Program The BLIK system, provided by the Polish Payment Standard, is an example of a Huge Thing Innovation areas sector-wide financial innovation. BLIK, an initiative by the six biggest Polish banks, Let’s FinTech with PKO BP T mAccelerator started as a system of mobile payments and ATM cash withdrawal but now also Poland has a vibrant financial innovation environment and is home e l A to a number of global FinTech companies such as Azimo and Atsora. vivPwC Startup ColliderBack-office operationsoffers instant money transfers among BLIK users and soon will enable contactless SpeedUp Retail banking NFC payments. As a key outsourcing centre for many of the world’s tier 1 banks, InStarter RocketNeo bank n INDEX SCOREo The Heart of Warsaw Poland’s banking sector also has an opportunity to leapfrog other va E-commerce t Other success stories in our hub include the widespread adoption of Pay-By- Shanghaii o Foreign exchange mature markets in Europe. Warsaw is the leading financial centre in c n Link, emergence and uptake of online exchange platforms and the acquisition of Central and Eastern Europe and the recently approved Government 108utlu Robo advisors ZenCard by PKO Bank Polski SA. Economic Strategy lists FinTech as one of the strategic sectors with the noiter avo Challenges The future potential to become a driver of the Polish economy in the future.Low RanknnI lx The FinTech ecosystem in Poland will continue to grow over the next 12 months. abolednI93 Low levels of knowledge We expect to see new acceleration programmes from banks and dedicated G sharing FinTech funds. Warsaw will continue to strengthen its position as a financial centre 2 Low access to capital 4Bse for CEE and key European nearshoring centre for global institutions. We also enisuDrti Limited exit opportunities Regssgniope expect to see changes in local regulation to better support financial innovation ula ex and measures to further attract talent and companies into Poland. tioy to nmit oxi Pr Hub representative FinTech Poland CEOFormers eign sto custo Pawel WidawskiartupsProximity t 71
A Tale of 44 Cities Page 70 Page 72